logo

Dhaka stocks dip to 2-month low

FE Report | Tuesday, 25 March 2014



Dhaka stocks slid to a two-month-low Monday, triggering mild protest by a group of small investors in front of the Dhaka Stock Exchange (DSE), which is the first protest in the year.
Starting on a choppy trading, the DSE prime index -- DSEX -- came down below 4,500-point-mark after two months. It ended at 4,466.08 points, shedding 53.46 points or 1.18 per cent after four hours of trading.
Subsequently, a group of retail investors, under the banner of Bangladesh Share Investors' Association (BSIA), gathered in front of the DSE building at about 1.30pm when DSEX fell 40 points.
They shouted slogans against Bangladesh Bank Governor Atiur Rahman for the central bank's new directive to reduce the banks' capital market exposure, which the investors considered as the main reason behind the recent market fall.
They also chanted slogans against Finance Minister A M A Muhith and Bangladesh Securities and Exchange Commission Chairman Prof M Khairul Hossain for their 'failure' to bring the manipulators under trial.